Top 5 Coins That Reached ATH In 2021

ATH happens regularly in favorable market conditions. Its opposite is all-time-low which defines the regressive movement of a coin beating its previous lows in a particular period of time. ATH can happen in a short or long period of time relative to the market conditions.

Takeaway Points

  • ATH is the highest worth a coin reaches against its previous value in a market movement.
  • Factors such as celebrity endorsement, blockchain fork, FOMO, etc. influence ATH in market conditions.
  • ATH is a progressive movement as opposed to its regressive opposite ATL.

Factors that Influence ATH

Many factors contribute to pushing a coin to new highs. These factors include coin hype, FOMO, product upgrade, Blockchain fork, Market trends, expert market predictions, and sometimes celebrity endorsements, etc.

Many coins have reached ATH in 2021, but we would be picking just a few coins to explore. These coins are picked based on their relevance, Market influence, ecosystem, technological innovation, prospects for the future, as well as market ranking. Many coins also meet these criteria, but this article will be limiting it to only an obvious five.

Bitcoin (BTC)

Bitcoin will always make the first list because it represents the beginning, and its value is tied to its popularity. Although it has witnessed many ATHs and ATLs, its 2021 market progression is significant because it was the period it gained intuitional acceptance. An important event was in Feb. when Tesla bought $1.5 billion worth of BTC and announced that it will be accepting it as a means of payment.

The announcement pushed the price of BTC almost 20% higher. That singular announcement created the next phase of the Bitcoin bull that no one has seen in a long time. BTC went from $40,000 in January to $64,000 in April before the May crash. It is currently trading below $50,000.

Solana (SOL)

Solana is a hybrid blockchain that combines both the proof-of-history (PoH) consensus model with the underlying proof-of-stake (PoS) consensus of the blockchain to provide Defi solutions. It was launched in March 2020. Solana began making headlines because of its incredible speed in processing and validating smart contract transactions.

It has attracted a lot of attention because it is solving the scalability problems of blockchain in a new way. Solana jumped from its coin market cap ranking of 42 in Feb. to occupying the 6th position in September beating both Dogecoin and XRP. This move has made it one of the top 5 valuable blockchains in crypto history. Its price went from $140 to $214 on Sep. 9. It is currently trading a little above $180.

Ethereum (ETH)

Ethereum is the second biggest Cryptocurrency by market capitalization after Bitcoin. It is significant for being the first Blockchain to implement smart contracts and onboarding dApps. Ethereum also has one of the largest active communities in the crypto ecosystem. Although it has been facing scalability issues for a long time. However, since its London hard fork on August 5, it went from $2,600 in August to $3,343 by Sep. 10. It is currently trading a little above $3000.

Binance Coin (BNB)

Binance Coin (BNB) is the native token of Binance. Binance became popular for its exchange which made trading crypto coins easy and fast. This made them become the number 1 crypto exchange with the highest trading volume. They also became popular with the launch of their Binance chain which onboarded other dApps, becoming the direct competitor to Ethereum. BNB however rose from $35 in Jan. to 141 in Feb. And then from 141 in Feb. to $686 in May which kept it in number 3 in Coinmarketcap ranking. Since the last flash crash, it is currently trading a little above $400 and is number 4 in the CMC ranking.

Cardano (ADA)

Cardano is another innovative Blockchain that uses the proof-of-stake consensus model to power Defi solutions. It was largely unknown by the beginning of the year but has climbed the market cap ladder and currently sits at number 3, dethroning BNB and XRP. Cardano moved from $1.07 in July to $3.02 in September. Although many analysts have suggested a $10 mark before the end of the year, we are yet to see the trend line. As of press time, it is trading at $2.7.

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